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Does belonging to an appellation make a difference? New evidence from Ontario Viticultural Areas.
- Source :
- Wine Economics & Policy; Dec2021, Vol. 10 Issue 2, p41-44, 4p
- Publication Year :
- 2021
-
Abstract
- Assuming that wine markets are efficient, ultimately a bottle of wine's cost and therefore its price should reflect its vintage, grape variety as well as how it is vinified. Yet, being an experiential good, a wine's price is also closely related to its place of origin. If the designated viticultural area of wine is coming from is not considered, even in a relatively new wine country, wine makers may end up over-estimating the premium attached to vintage, variety as well as how it is vinified. Regression results indicate that, for Ontario wines, the over-estimations vary between 1% points and 18% points. [ABSTRACT FROM AUTHOR]
- Subjects :
- WINE industry
WINES
GRAPES
VITICULTURE
VINTNERS
Subjects
Details
- Language :
- English
- ISSN :
- 22133968
- Volume :
- 10
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Wine Economics & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 158585221
- Full Text :
- https://doi.org/10.36253/wep-10391